Tag ArchivesGDP

Arthur Kamp

As if a recession is not bad enough, low growth lies ahead

By Arthur Kamp, economist at Sanlam Investments. Not only has South Africa entered a technical recession (two consecutive quarters of negative GDP), future growth expectations are now likely to be revised down. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Real GDP contracts for second consecutive quarter in second quarter

SA’s real GDP contracted for the second consecutive quarter in the second quarter, but the rate of decline at least moderated to a seasonally adjusted annualised 0,7% q-o-q from a downwardly revised 2,6% (previously 2,2%) in the first quarter, Nedbank economists said today.  The outcome was worse than market expectations of marginal growth of around […]

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Prof Raymond Parsons

SA will need to make much more strenuous efforts to break out of ‘low growth’ trap

South Africa will need to make much more strenuous efforts to break out of the ‘low growth’ trap into which a recession has now pushed it.  This is according to Professor Raymond Parsons, economist at the North West University Business School. ‘The extent to which the latest GDP figures for 2Q 2018 confirm that the […]

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Moody’s on South Africa: fiscal slippage likely this year, but medium-term targets within reach

“We expect a slower pace of fiscal consolidation than the Government of South Africa (Baa3 stable) is forecasting based on a number of headwinds,” Moody’s said in a statement this afternoon. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Treasury comments on measures considered for igniting economic growth

Today, the National Treasury commented on measures being considered for igniting economic growth in South Africa. “In his statement to the nation on July 31, President Cyril Ramaphosa made it clear that the funding for measures being considered to ignite economic growth would be done in a manner that ensured that government maintained fiscal prudence. […]

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

IMF publishes outcome of Article IV consultation with SA

The International Monetary Fund (IMF) has today published the outcome of its Article IV consultation with South Africa that took place between 28 May and 11 June 2018. (more…)

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Policy Uncertainty Index moves into negative territory

The North West University (NWU)’s Business School’s Policy Uncertainty Index (PUI) for  2Q 2018 rose to 51.0 (baseline 50) compared to 49.6 in 1Q 2018 “The latest rise in the PUI is the result of a blend of economic and political factors over the past three months which have generated a renewed degree of policy […]

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SA could get to a growth rate of 3.7% or more

“We should put behind us the era of diminishing trust in public institutions and weakened confidence in leaders,” was a key statement to come out of President Ramaphosa’s State of the Nation address earlier this year. Statements such as this show that President Ramaphosa is clearly keenly aware of the issues facing South Africa, and […]

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